Delhivery Shares Slip 3% Ahead Of Q3 Results

SUMMARY

The company’s stock, however, recovered some of its losses to trade 2.4% lower at INR 314.10 per share, as of 11:30 AM, on the BSE

Furthermore, the company’s board has approved the allotment of 1,48,240 stock options to its eligible employees under its existing employee stock option plan (ESOP)

Since the start of 2025, the stock has lost nearly 8%, as of its last close of INR 321.75 per share yesterday

Shares of listed logistics major Delhivery slipped 3.2% to INR 311.30 apiece during the intraday trade on the BSE today (February 7).

The company’s stock, however, recovered some of its losses to trade 2.4% lower at INR 314.10 per share, as of 11:30 AM, on the BSE, while its market capitalisation currently stands at INR 23,355.84 Cr ($2.67 Bn).

Since the start of 2025, the stock has lost nearly 8%, as of its last close of INR 321.75 per share yesterday (February 6).

Furthermore, the company’s board has approved the allotment of 1,48,240 stock options to its eligible employees under its existing employee stock option plan (ESOP).

Based on the stock’s previous close, the newly allotted stock options are worth INR 4.76 Cr.

In an exchange filing yesterday, the startup said that its board approved the grant of 1,48,240 stock options under Delhivery Employees Stock Option Plan 2012 to the eligible employees of the company with effect from February 01, 2025.

It is observed that the company’s stock has been set on a downward trend, marking new 52-week lows thrice since the start of this year.

Delhivery’s shares hit its recent 52-week low on January 28, after its stock reached INR 306.50 apiece.

To note, the logistics startup is scheduled to report its Q3 FY25 results today, while the stock is also set for a hat trick trend of closing in red, if the current loss holds.

In December, financial services firm Prabhudas Lilladher (PL) gave a ‘HOLD’ rating on the Delhivery stock with a target price of INR 361, remarking that Delhivery’s B2C express volume growth has come under pressure in the last three quarters due to rising insourcing by Meesho.

As of its previous quarter’s financial performance, Delhivery posted a consolidated net profit of INR 10.2 Cr in Q2 FY25, as against a loss of INR 102.9 Cr in the year-ago quarter. Meanwhile, the company’s revenue from Part Truckload saw the highest growth of 27% to INR 474 Cr in Q2 FY25 from INR 373 Cr, a year ago.